← Savings Calculator
How Do I Save £50,000?
To reach £50,000 in 10 years at 5% interest, you'd need to save approximately £323 per month. Adjust the calculator to find your perfect savings plan.
Your Savings Plan
Enter your savings details to see how your money grows
£
£
Your Savings Growth
See how your savings will grow over time
£50,156
Total after 10 years
Total Contributions
£38,760
Interest Earned
£11,396
Interest Bonus
You'll earn £11,396 in interest, which is 29.4% on top of your contributions.
Initial deposit£0
Monthly contributions (10 years)£38,760
Total interest earned£11,396
Effective annual rate (APY)5.12%
Final balance£50,156
Monthly Breakdown
Monthly contribution
£323
Avg. monthly interest
+£95
Path to £50,000
£38,760
Your Contributions
+£11,396
Interest Earned
£50,156
Total Balance
Year-by-Year Growth
| Year | Start Balance | Contributions | Interest | End Balance |
|---|---|---|---|---|
| 1 | £0 | £3,876 | +£90 | £3,966 |
| 2 | £3,966 | £3,876 | +£293 | £8,135 |
| 3 | £8,135 | £3,876 | +£506 | £12,517 |
| 4 | £12,517 | £3,876 | +£730 | £17,124 |
| 5 | £17,124 | £3,876 | +£966 | £21,966 |
| 6 | £21,966 | £3,876 | +£1,214 | £27,056 |
| 7 | £27,056 | £3,876 | +£1,474 | £32,406 |
| 8 | £32,406 | £3,876 | +£1,748 | £38,030 |
| 9 | £38,030 | £3,876 | +£2,036 | £43,942 |
| 10 | £43,942 | £3,876 | +£2,338 | £50,156 |